[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3654 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3654

To amend title 11 of the United States Code to include firearms in the 
    types of property allowable under the alternative provision for 
                  exempting property from the estate.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 27, 2010

  Mr. Leahy (for himself, Mr. Feingold, and Mr. Webb) introduced the 
 following bill; which was read twice and referred to the Committee on 
                             the Judiciary

_______________________________________________________________________

                                 A BILL


 
To amend title 11 of the United States Code to include firearms in the 
    types of property allowable under the alternative provision for 
                  exempting property from the estate.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting Gun Owners in Bankruptcy 
Act of 2010''.

SEC. 2. EXEMPTIONS.

    Section 522 of title 11, the United States Code, is amended--
            (1) in subsection (d) by adding at the end the following:
            ``(13) The debtor's aggregate interest, not to exceed 
        $3,000 in value, in a single rifle, shotgun, or pistol, or any 
        combination thereof.''; and
            (2) in subsection (f)(4)(A)--
                    (A) in clause (xiv), by striking ``and'' at the 
                end;
                    (B) in clause (xv), by striking the period at the 
                end and inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(xvi) the debtor's aggregate interest, not to exceed 
        $3,000 in value, in a single rifle, shotgun, or pistol, or any 
        combination thereof.''.

SEC. 3. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.

    (a) Effective Date.--Except as provided in subsection (b), this Act 
and the amendments made by this Act shall take effect on the date of 
the enactment of this Act.
    (b) Application of Amendments.--The amendments made by this Act 
shall apply only with respect to cases commenced under title 11, United 
States Code, on or after the date of the enactment of this Act.
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